View Poll Results: When would the financial crisis end?

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  • In a few years

    10 25.64%
  • 21 December, 2012

    6 15.38%
  • Up to 5 years

    5 12.82%
  • Up to 10 years

    7 17.95%
  • When we blow ourselves to kingdom come

    1 2.56%
  • Not in our lifetime

    5 12.82%
  • Somewhere over the rainbow

    5 12.82%
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Thread: End of the financial crisis?

  1. #21
    Sage

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    Re: End of the financial crisis?

    Not in our lifetime, at least from todays point of view. This could change to up to 10 years if rid ourselves of Obama and Dem majority in the Senate come November.

    We are looking at hard times no matter which way we go. No administration is going to completely turn things around in only one term. However, by the end of that first term, we should at least see marked improvements in some areas. We do not see that today. What we do see is a government that is becoming more and more hostile towards business with the likely affect of many companies not only outsourcing, but actually moving totally out of the US over the next four years if we keep going with Obama. We have already seen him bypass Congress with illegal executive orders to get what he wants and he has not been held accountable for it. Unless the electorate holds him accountable in November, he will have no restrictions of using the same method more and more with a congress that will not have a strong enough presence to hold him accountable. Without the Republicans achieving a 2/3 Majority in the Senate, which I do not think is possible, he will not face any accountability for his actions.

    The upholding of Obama-care has set the constitutionality for the government to restrict profits and allows the government to dictate spending of corporations. Dodd-Frank gives the government the tools to seize and tear apart any company, supposedly based upon threat to the economy, but with no oversight and no appeals process, it will be way to easy for some one like Obama, who has already shown a tendency to try to seize private corporations, free reign to abuse it.

    In the United States, we currently have two states with populations much larger than some countries, one who is right leaning, Texas, and one that has been using a large part of Obamas economic plans for years California (if you don't like California as an example, try New York, Illinois or any other Left state with population over 10 million.). Look at the current status of both states currently. Which result do you want for America? Take a look at their longterm performance and stability also.

    Economically, we can start down the road of Texas, elect republicans or we can continue down the road of California, Obama and the Dems. It is our choice come November, I would recommend that everyone that plans to vote make that economic comparison.
    Only a fool measures equality by results and not opportunities.

  2. #22
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    Re: End of the financial crisis?

    Things are getting better. I use better in the loosest way possible.

    There are still many things to be fixed.
    "Conservatism is the blind and fear-filled worship of dead radicals."
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  3. #23
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    Re: End of the financial crisis?

    If you think about this as a short- of medium-term crisis you are thinking about it all wrong. This is the decline and fall of the American Empire.

  4. #24
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    Re: End of the financial crisis?

    Quote Originally Posted by OnWisconsin View Post
    I believe the scapegoat you are looking for is NAFTA.
    I was speaking not so much of NAFTA but the general job killer of businesses exporting any job possible from manufacturing to customer service overseas including the Caribbean, Eastern Europe, the Pacific Rim and Asia.
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

  5. #25
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    Re: End of the financial crisis?

    Asking whether we have recovered from the financial crisis, or are recovering, or when we will recover, is kind of an odd question because of the artificial mechanisms by which we're creating the appearance of recovery.

    Basically, the people have woken up and realized they can't just borrow their way to prosperity (like they tried with housing), can't necessarily strike it rich in the stock market (because they watched half their portfolios disappear recently), and feel an increased sense of need to save again finally (even though for the most part we still suck at this).

    Well, refusing to spend maniacally and wanting to save, while prudent and logical, is toxic for our debt-dependent manic economic system. We need IMMEDIATE growth, and we need people to be taking on huge amounts of debt, in order to get the results we're used to and which our financial system wants to see. There's no gas left in the tank, but we are required to spend in fifth gear, red-lining it, in order to have the sort of robust economy we think is "normal."

    Since the public generally and the private sector have learned a lesson and are unwilling to keep spending like idiots and taking huge risks, the government and Federal Reserve have stepped in and filled that role for us. If we refuse to spend like retards, they will do it for us, with or without our consent.
    Last edited by Neomalthusian; 09-15-12 at 06:52 PM.

  6. #26
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    Re: End of the financial crisis?

    Home loans just protect bank equity and the bankers holding the paper. Efforts to repair our economy must create new areas of employment, labor, and local endeavors. The last two administrations have just put cash on the bankers and the wealthy while mouthing platitudes about them being job creators. Bullcrap! Redistribution of the wealth to the top 1%. The top 1% re-invest the Nations patrimony overseas where profits are easier to generate because of low labor rates. That would be the Bain Capital modus operandi and they are not alone because it has become standard operating procedure. Nothing that is designed to protect the interests of the status quo is going to help us. Suggestion: fix our real problems. Global Warming. Local generation of energy. End the Centralized Distribution of Energy Network and it large and multiplying losses and build local jobs and economies while mitigating Global Warming before it mitigates us.

  7. #27
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    Re: End of the financial crisis?

    Quote Originally Posted by Canell View Post
    Wait, didn't Mr. Bernanke promised to prop up the housing market with $40 billion monthly?
    Oh god, $40 billion in inflation a month. Way to screw over the middle and lower classes Bernanke.

  8. #28
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    Re: End of the financial crisis?

    Quote Originally Posted by Voltaire X View Post
    Oh god, $40 billion in inflation a month.
    Yeah... indefinitely.

  9. #29
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    Re: End of the financial crisis?

    Quote Originally Posted by Smeagol View Post
    I was speaking not so much of NAFTA but the general job killer of businesses exporting any job possible from manufacturing to customer service overseas including the Caribbean, Eastern Europe, the Pacific Rim and Asia.
    And the primary cause of that was NAFTA.
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    and then exacting from the contributors--to whom a little means so much--a double share to guard the treasure!
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  10. #30
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    Re: End of the financial crisis?

    Quote Originally Posted by OnWisconsin View Post
    And the primary cause of that was NAFTA.
    Do you even know what NAFTA is? NAFTA is a free trade zone between US, Canada and Mexico. How is Caribbean, Eastern Europe, the Pacific Rim and Asia going to be affected by such treaty?

    Japan got massive tariffs, you want to swap place with them? Their export industry is in massive trouble right now, and their debt level is out of control. In fact their exports since 1992 has only increased by 50%, in America exports has increased by 80% adjusting for population increase and inflation. A lot of the industry that died in America, died due to inefficiency and not due to low wages in competitive countries. Cars who damaged the american car industry after 1994 was produced in Japan and Europe, not in China.

    If US artificially kept those companies alive, how expensive would American cars be?
    Last edited by Camlon; 09-16-12 at 10:37 PM.

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